If a company's debt-to-equity ratio is .25 and the company's total liabilities at the end of the year is $1,000,000. What are total assets? Answer: Beginning of the year total assets is $1,000,000. The end of the year total liabilities is $650,000 and the end of the year owners' equity totals $525,000. What are end-of-the-year total assets? Answer: 0 Total sales for the year were $1,000,000. Once the closing process is completed, the balance in the sale revenue account will be